# e LogiT co.,ltd.: business model and financials

> Latest period: FY ending Mar 2026, non-consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第27期(2025/04/01－2026/03/31) (S100YI5P)
> Page: https://vizora.meequs.com/en/company/e-logit
> Retrieved: 2026-09-30T21:06:49.591Z

## Company

e LogiT, founded in 2000, is a company in Warehouses & Logistics Facilities listed on TSE Standard. It has 170 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | e-LogiT co.,ltd. |
| Ticker | 9327 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/9327.T) |
| Listing | TSE Standard |
| Head office | 東京都千代田区外神田三丁目11番11号 |
| Representative (per filing) | 代表取締役会長 角井 亮一 |
| Founded | Feb 2000 |
| Share capital | ¥1.8B |
| Employees (consolidated) | 170 |
| Average salary (parent only) | ¥4.9M |
| Fiscal year end | March |
| Website | www.e-logit.com (https://www.e-logit.com/) |
| Corporate number | 7010001126191 |
| EDINET | E36405 |
| Industries (Vizora) | Warehouses & Logistics Facilities |

> Profile source: annual securities report (S100YI5P, filed 2026-06-25). As of filing

## Five-axis industry profile

Primary industry: Warehouses & Logistics Facilities (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Profitability | 1.3 | 39 |
| Efficiency | 98.7 | 39 |

Each axis is shown independently. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

## Key points (generated from figures)

- e LogiT brought in ¥9.55B in revenue.
- It lost about ¥1 for every ¥100 of sales at the operating level.
- Revenue changed -6.9% from the prior year.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥9.55B |  |
| Operating income | -¥132.7M | Margin -1.4% |
| Net income | -¥209.4M | Margin -2.2% |
| Free cash flow | -¥169.5M |  |
| Employees (consolidated) | 170 |  |
| EPS | ¥-16.95 |  |
| Book value per share | ¥127.53 |  |
| Equity ratio | 48.6% |  |
| Shares outstanding | 15,843,000 |  |
| Shareholders | 1,954 |  |
| Average salary (parent only) | ¥4.9M | Filing company only |
| Cash ratio | 30.7% | Cash ÷ revenue 13.4% |
| Vs. industry median margin | -7.2 pp | Warehouses & Logistics Facilities |
| ROA | -6.0% | Derived from disclosed figures |

## Notable figures

- FY2026, cash is 31% of total assets

## What changed in 4 years

Currency or consolidation scope differs; percentage changes are omitted.

| Metric | FY ending Mar 2022 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥12208682000 | ¥9550970000 | — |
| Operating income | ¥-195789000 | ¥-132657000 | — |
| Operating margin | -1.6% | -1.4% | +0.2 pp |
| Employees | 187 people | 170 people | — |
| Cash and equivalents | ¥2070057000 | ¥1275996000 | — |

### Change in segment revenue mix

Span: FY ending Mar 2022 → FY ending Mar 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

## Income statement（FY ending Mar 2026, non-consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 9,551 | 100.0% | S100YI5P |
| Cost of revenue | 9,013 | 94.4% | 算出 |
| Gross profit | 538 | 5.6% | S100YI5P |
| SG&A | 671 | 7.0% | S100YI5P |
| Operating income | -133 | -1.4% | S100YI5P |
| Ordinary income | -185 | -1.9% | S100YI5P |
| Pretax income | -201 | -2.1% | S100YI5P |
| Income tax | 8 | 0.1% | S100YI5P |
| Net income | -209 | -2.2% | S100YI5P |

## Per ¥100 of revenue（FY ending Mar 2026）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 94 |
| SG&A | 7 |
| Operating income | -1 |
| (Ref.) Net income | -2 |

### Margin funnel

Gross margin 5.6% → Operating margin -1.4% → Net margin -2.2%
Derived from reported figures (DERIVED).

## Year over year（FY ending Mar 2025 → FY ending Mar 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 10,259 | 9,551 | -708 | -6.9% |
| Gross profit | 563 | 538 | -25 | -4.5% |
| Operating income | -79 | -133 | -54 | — |
| Operating cash flow | -206 | -149 | 58 | — |
| Free cash flow | -377 | -170 | 208 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 8,385 | 85 | 1.0% | 77 | 242 | 29 | S100LK5Z |
| FY ending Mar 2021 | 10,697 | 238 | 2.2% | 152 | 831 | 787 | S100Q92Y |
| FY ending Mar 2022 | 12,209 | -196 | -1.6% | -342 | -28 | -131 | S100R74B |
| FY ending Mar 2023 | 12,826 | -288 | -2.2% | -566 | 34 | -94 | S100R74B |
| FY ending Mar 2024 | 12,869 | -695 | -5.4% | -2,466 | -1,235 | — | S100W63V |
| FY ending Mar 2024 | 13,122 | -1,193 | -9.1% | -2,466 | -1,235 | -1,350 | S100U58E |
| FY ending Mar 2025 | 10,259 | -79 | -0.8% | 124 | -206 | -377 | S100YI5P |
| FY ending Mar 2026 | 9,551 | -133 | -1.4% | -209 | -149 | -170 | S100YI5P |

## People and productivity（FY ending Mar 2026, non-consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥56.2M |
| Operating income per employee (consolidated) | -¥780.3K |
| Net income per employee (consolidated) | -¥1.2M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 222 | 264 | 279 | 178 | 170 |
| Average salary (parent company) | ¥4.3M | — | ¥4.6M | ¥4.2M | ¥4.9M |
| Average age (parent company) | 36.6 years | — | 37.8 years | 38.8 years | 40.2 years |
| Average tenure (parent company) | 3.5 years | — | 3.8 years | 3.9 years | 5.2 years |

Year over year: Employees (consolidated) -4.5% · Revenue (consolidated) -6.9%

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2026, non-consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -149 | -1.6% | S100YI5P |
| Capital expenditure | 21 | 0.2% | S100YI5P |
| Free cash flow | -170 | -1.8% | 算出 |
| Investing cash flow | -35 | -0.4% | S100YI5P |
| Financing cash flow | 1,368 | 14.3% | S100YI5P |
| Change in cash | 1,185 | 12.4% | S100YI5P |
| Cash and equivalents | 1,276 | 13.4% | S100YI5P |

## Balance sheet

Figures are as of each fiscal year end. Derived values are marked as such in the source column. Lease liabilities are excluded from interest-bearing debt.

| Metric | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 2,101 | 353 | 359 | 91 | 1,276 | S100R74B, S100YI5P, S100U58E |
| Total assets | 5,298 | 3,979 | 4,342 | 2,845 | 4,156 | S100R74B, S100W63V, S100U58E, S100YI5P |
| Net assets | 1,218 | -279 | -1,067 | 526 | 2,069 | S100W63V, S100YI5P, S100U58E |
| Share capital | 526 | 605 | 605 | 940 | 1,800 | S100R74B, S100W63V, S100U58E, S100YI5P |
| Inventories | — | — | 46 | — | — | S100U58E |
| Property, plant and equipment | 277 | 251 | 248 | 254 | 225 | S100R74B, S100W63V, S100U58E, S100YI5P |
| Intangible assets excluding goodwill | 77 | 108 | 108 | 185 | 146 | S100R74B, S100W63V, S100U58E, S100YI5P |
| Goodwill | 3 | 1 | 1 | — | — | S100R74B, S100W63V, S100U58E |
| Investment securities | 2 | 152 | 154 | 150 | 160 | S100R74B, S100W63V, S100U58E, S100YI5P |
| Current assets | 3,450 | 2,045 | 2,371 | 1,208 | 2,580 | S100R74B, S100W63V, S100U58E, S100YI5P |
| Current liabilities | 2,841 | 3,448 | 4,060 | 1,764 | 1,708 | S100R74B, S100W63V, S100U58E, S100YI5P |
| Short-term borrowings | — | 60 | 369 | 10 | — | S100W63V, S100U58E, S100YI5P |
| Long-term borrowings | 808 | 517 | 886 | 290 | 133 | S100R74B, S100W63V, S100U58E, S100YI5P |
| Bonds | — | — | 36 | — | — | S100U58E |
| Interest-bearing debt | — | — | 1,290 | — | — | 算出 |
| Total liabilities | 4,080 | 4,258 | 5,409 | 2,319 | 2,087 | S100R74B, S100W63V, S100U58E, S100YI5P |
| Equity attributable to owners of parent | 1,205 | -316 | -1,104 | 478 | 1,989 | S100R74B, S100W63V, S100U58E, S100YI5P |
| Retained earnings | 234 | -1,445 | -2,233 | -1,321 | -1,531 | S100R74B, S100W63V, S100U58E, S100YI5P |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 31% | S100YI5P |
| Property, plant and equipment | 5% | S100YI5P |
| Intangibles and goodwill | 3% | S100YI5P |
| Investment securities | 4% | S100YI5P |
| Other assets | 57% | S100YI5P |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 50% | S100YI5P |
| Equity | 50% | S100YI5P |

### Balance sheet history

| Metric | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 5,298 | 3,979 | 4,342 | 2,845 | 4,156 |
| Equity | 1,218 | -279 | -1,067 | 526 | 2,069 |
| Interest-bearing debt | — | — | 1,290 | — | — |
| Cash | 2,101 | 353 | 359 | 91 | 1,276 |

## Asset intensity and goodwill

Ratios are derived from reported values. Goodwill is used only when separately reported, never inferred from combined intangible assets.

| Metric | Value | Sources |
| --- | ---: | ---: |
| Asset intensity (fixed assets ÷ revenue) | 2.4% | S100YI5P |
| Fixed assets ÷ total assets | 5.4% | S100YI5P |
| Goodwill ÷ parent equity | — | —, S100YI5P |

### Cash quality

Net cash = cash − interest-bearing debt. Net debt ratio = (interest-bearing debt − cash) ÷ positive operating cash flow. Omit when debt components are incomplete; other ratios are derived from reported figures.

| Metric | Value |
| --- | ---: |
| Cash ratio (cash ÷ total assets) | 30.7% |
| Cash ÷ revenue | 13.4% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | 61 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 0.2% |
| Investing CF relative to operating CF | — |

## ROA and ROE

ROE is decomposed into net margin × asset turnover × financial leverage. Leverage can raise ROE, so the ratio alone does not assess a company's condition. Ending balances are used without a prior year; total equity approximates parent equity when unavailable.

| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE | Sources |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2023 | — | —× | -10.7% | —× | — | S100R74B |
| 2024 | — | —× | -53.2% | —× | — | S100YI5P, S100W63V |
| 2024 | — | —× | -56.8% | —× | — | S100U58E |
| 2025 | 1.2% | 3.61× | 4.3% | 5.95× | 25.9% | S100YI5P |
| 2026 | — | —× | -6.0% | —× | — | S100YI5P |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| Ｇ Ｆｕｔｕｒｅ Ｆｕｎｄ１号投資事業有限責任組合 | Major shareholder | 24.7% | 2026-03-31 |
| ＥＧＧＳ１号次世代テック投資事業有限責任組合 （注）１ | Major shareholder | 14.1% | 2026-03-31 |
| 須田 忠雄 | Major shareholder | 7.9% | 2026-03-31 |
| 有限会社フクジュコーポレーション（注）２ | Major shareholder | 4.7% | 2026-03-31 |
| プログレス株式会社 | Major shareholder | 4.7% | 2026-03-31 |
| 平田 恭平 | Major shareholder | 3.9% | 2026-03-31 |
| 楽天証券株式会社共有口 | Major shareholder | 3.5% | 2026-03-31 |
| 角井 亮一 | Major shareholder | 2.7% | 2026-03-31 |
| ヒップキャピタルパートナーズ株式会社 | Major shareholder | 2.5% | 2026-03-31 |
| 光輝物流株式会社 | Major shareholder | 2.3% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第27期(2025/04/01－2026/03/31) | S100YI5P | 2026-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YI5P,, |
| 有価証券報告書－第26期(2024/04/01－2025/03/31) | S100W63V | 2025-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W63V,, |
| 訂正有価証券報告書－第25期(2023/04/01－2024/03/31) | S100U58E | 2024-08-02 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100U58E,, |
| 有価証券報告書－第24期(2022/04/01－2023/03/31) | S100R74B | 2023-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R74B,, |
| 訂正有価証券報告書－第23期(2021/04/01－2022/03/31) | S100Q92Y | 2023-02-17 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Q92Y,, |
| 有価証券報告書－第22期(令和2年4月1日－令和3年3月31日) | S100LK5Z | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LK5Z,, |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).